Overview / Commentary
Polam Federal Credit Union is headquartered in LOS ANGELES and is the 191st largest credit union in the state of California. It is also the 2,204th largest credit union in the nation. It was established in 1969 and as of September of 2021, it had grown to 9 employees and 1,999 members at 2 locations. Polam Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
POLAM Federal Credit Union is open to residents of Southern California who are family and friends, or supporting members of the Polish American Congress (supporting donation of $20 can be made at time of membership opening).
See current membership details
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Health
B+
Data as of Q3 2021
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Polam Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 19739 |
| Year Chartered | 1969 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 3.22% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2021vs Q3 2020 | $68.5MM$65.3MM |
| Loans | Q3 2021vs Q3 2020 | $32.2MM$31.8MM |
| Deposits | Q3 2021vs Q3 2020 | $60.9MM$57.8MM |
| Equity Capital | Q3 2021vs Q3 2020 | $7.5MM$7.2MM |
| Loan Loss Allowance | Q3 2021vs Q3 2020 | $653.00K$656.00K |
| Unbacked Noncurrent Loans | Q3 2021vs Q3 2020 | $607.00K$3.00K |
| Real Estate Owned | Q3 2021vs Q3 2020 | $0$0 |